PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of February 26, 2016 No. 802

About modification of the Presidential decree of the Azerbaijan Republic "About measures for enhancement of management in the field of melioration and water economy" of February 23, 2006 No. 372

Being guided by Item 32 of article 109 of the Constitution of the Azerbaijan Republic, I decide:

1. Add with part of 2-1 following content the Presidential decree of the Azerbaijan Republic "About measures for enhancement of management in the field of melioration and water economy" of February 23, 2006 No. 372 (Collection of the legislation of the Azerbaijan Republic, 2006, No. 2, Article 89):

"2-1. To assign implementation of powers of general meeting of shareholders of Society to the following state bodies:

2-1.1. President of the Azerbaijan Republic:

2-1.1.1. the solution of questions on reorganization and liquidation of Society;

2-1.1.2. position assignment and dismissal of the chairman of Society.

2-1.2. Cabinet of Ministers of the Azerbaijan Republic:

2-1.2.1. Approval of the Charter and structure of Society, establishment of the size of the authorized capital;

2-1.2.2. establishment of the development strategy of Society;

2-1.2.3. approval of annual reports, balances, income accounts and losses of Society, income distribution and losses;

2-1.2.4. position assignment and dismissal of vice-chairmen of Society;

2-1.2.5. consent on position assignment and dismissal of heads of affiliated enterprises, and also managements, branches and representative offices of Society;

2-1.2.6. decision making about the conclusion of the transaction (the transaction of special value) on the amount exceeding 25 percent of net assets value of Society, and also transactions with the corresponding person which cost constitutes 5 percent and more part of assets of Society, with the conclusion of the independent auditor;

2-1.2.7. the solution of the questions carried to powers of the general shareholder meeting the Civil code of the Azerbaijan Republic except for specified in this Decree;

2-1.3. State committee on property questions of the Azerbaijan Republic:

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